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Joined: Aug 2011
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However, if you are the person that collected the original huge sum do you really care if the NFT now brought $280 at an auction?
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Joined: May 2012
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OP
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Thanks so much for sharing. I enjoyed watching it. However, I think this guy is talking rubbish about music NFTs. I dont think he understands music NFTs at all. He says the musician makes money out of sharing his/her music with only one person (if he/she, say, chooses to mint only one edition of a song). But it is only the OWNERSHIP of the NFT that the one person gets. The music can still be listened to (streamed), shared, and enjoyed by millions, which obviously increases demand for the NFT, The music environment he envisages with both the creator and the music fans making money out of the music they make/love is already here with NFTs. All without the traditional gatekeepers of the record label. He is talking about making these "super vinyl" things, which is essentially what NFTs are about. IMO the best way to learn about NFTs is to start minting and collecting them. I wouldn't hold much score on the opinion on somebody who, in all probability, has never minted or collected an NFT.
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Joined: Feb 2023
Posts: 282
Apprentice
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Apprentice
Joined: Feb 2023
Posts: 282 |
It has been over one year since Joanne Cooper first started this thread. So, how is everyone's NFT sales going? Has anyone made a substantial revenue out of the blockchain? I've been running a side business called "ArtVillain" in the past year. It is essentially about trading digital fantasy artwork via NFT blockchain. It hasn't been very successful so far due to the obstacles of "gas fees". A gas fee refers to the transaction cost for the crypto ledger to be validated each time a work is being sold from one self minted account to another. So, for those of you who have already made a good ethereum fortune on the NFTs, could you provide some expert advice on how to circumvent the mining cost and turn the inflated sales into a profitable business? 
A Canadian music producer, singer songwriter, composer, and professional guitarist.
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Hey musicvillian.
I stopped publishing my music as NFTs a while back. The processes to publish and monetise were rubbish, at the time, but I am not sure if they have improved.
I have been focusing my energies on products and services that help other musicians reach their goals… like my lyric tool, my play along videos and making sgu files. I’m also much more interested in developing tools using ChatGpt and GPT 4.
I think the market for nfts tanked….
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